Wedbush raised the firm’s price target on Embracer Group (THQQF) to SEK 36 from SEK 28 and keeps an Outperform rating on the shares. The firm says Embracer’s new focus on owned and controlled intellectual properties could provide more financial upside to the company. Embracer reported continued declines in fiscal Q2, but stemmed its losses, the analyst tells investors in a research note.
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Read More on THQQF:
- Embracer Group AB Reports Q2 Earnings and Strategic Moves
- Embracer Group price target lowered to SEK 27 from SEK 28.50 at Barclays
- THQQF Upcoming Earnings Report: What to Expect?
- Embracer Group price target raised to SEK 28 from SEK 24 at Deutsche Bank
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